Peg Companies, Inc. 401(k) Review & Grade
Peg Companies 401(k) Plan
Provo, UTAdministrative, Support & Staffing Services902 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$999Employer $ per active participant
$1,831Employee $ saved per active participant
0.71%Direct admin cost, % of plan assets
$11.3MNet plan assets, end of year
$22,648Average balance per account
Score breakdown
- Employer generosity30.6 / 5061th percentile for employer $ per participant
- Low cost3.1 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 13th |
| Employee saving | 50th |
| Peers that auto-enroll | 27% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Peg Companies put in about $999 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.71% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $900,423 |
| Participant (employee) contributions | $1,650,581 |
| Other contributions (incl. rollovers in) | $418,333 |
| Administrative expenses paid from the plan | $70,766 |
| Investment advisory & management fees | $27,177 |
| Benefits paid out | $1,517,852 |
| Net assets, start / end of year | $8.6M / $11.3M |
| Active participants, start / end of year | 939 / 864 |
| Participants with account balances | 500 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Larson & Company PC |
Largest service providers (Schedule C)
| Adp, Inc. | $43,589 reported compensation |
| Forest Capital Management, LLC | $27,176 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008051158NAL0003046915001, received 2025-10-08, EIN 84-4084376, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.